The debt-free status is positive; robust order book and execution will drive earnings
Retail inflation data will be announced on Monday, followed by WPI inflation numbers on Tuesday
Gold exchange-traded funds saw hefty net inflows of over Rs 3,500 crore in the first six months of this year as investors continued to hedge their exposure to riskier assets amid the Covid-19 crisis
Debt reduction over past two quarters is also positive
Growth, margin recovery expected by 4th quarter but valuations high
The NSE Nifty 50 Index fell 0.42% to 10,768.05 and the S&P BSE Sensex 0.39% to 36,594.33 points
The payout was made to mutual fund schemes of Franklin Templeton, UTI and Nippon, which had exposure to debt paper of the troubled telecom company
The average asset base in June quarter stood at Rs 24.6 trillion, as against Rs 27 trillion in previous quarter, translating into a decline of 8.9 per cent
The Dow Jones Industrial Average .DJI was up 51.32 points, or 0.20%, at 25,757.41
The market heavyweight stock gained 2.95 per cent to close at Rs 1,878.50 on the BSE.
EBITDA came in negative at Rs 24.81 crore in March 2020, down 101.79 per cent YoY, from Rs 1,389.80 crore in March 2019.
On a weekly basis, Sensex gained 1.6 per cent while Nifty rose 1.5 per cent
For the quarter under review, TCS reported a profit before tax (PBT) of Rs 9,504 crore, which was 9.6 per cent lower than in the previous quarter
All that happened in the markets today
The stock hit a new high of Rs 723 during the day, up 16 per cent.
YES Bank is planning to raise Rs 15,000-crore through the FPO
Mutual Funds increased stake by more than four percentage points to 21.19 per cent in PI Industries, while FPIs hiked their holdings by nearly two percentage points to 13.82 per cent in June quarter
Leading stock exchange NSE on Friday said it willaccept gold bars produced by the domestic refiners for settlement of the gold futures contracts traded on its platform.
Vodafone Idea has been facing a financial crunch since the Supreme Court ordered it to pay Rs 54,000 crore as AGR to the government
For the quarter, about a third of the schemes managed to beat the benchmark index